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  • 7/10/2023

    First Look: French lingerie giant opens first U.S. store

    Etam has opened its first U.S. store, at Dadeland Mall, Miami.

    A century-old brand has made its U.S. brick-and-mortar debut.

    Etam has set up shop at Simon’s Dadeland Mall in Miami. The 3,100-sq-ft. store has a modern look, with nude tones, blonde woods, waxed concrete walls with electric neon touches and brushed brass furnishings. The design strikes a balance between the feminine and urban universes. 

    Product benefit and brand messages are inlaid on every wall, along with and customer reviews to guide customers in their selection choice and better understand the brand.    

    “Etam is a global brand that we believe has a strong brick-and-mortar future in the U.S. said Zach Beloff, VP of leasing at Simon, in an April release. “We hope to see them expand throughout our portfolio."

    Founded in 1916, the storied — and affordable — French is known for its stretch lace, mix-and-match lingerie sets. It also offers swimwear, sleepwear and loungewear. With more than 850 stores throughout Europe, Middle East, Latin America and Asia, the company is aiming to open two more U.S. stores by the end of the year, reported Women’s Wear Daily.

    Etam first entered the U.S. market in 2022, starting with an online presence and making its products available in select Nordstrom locations and on the retailer’s web site.  

    In 2020, Etam unveiled its sustainability program WeCare and announced its participation in The Fashion Pact, a global environmental coalition of leading fashion and textile brands. 

    Etam opened its first Paris boutique in 1928 on Rue-Saint Honoré.


  • 7/10/2023

    Dollarama starts search for a new CFO

    Dollarama operates 1,507 locations across Canada.


    The Canadian value retailer, whose merchandise is priced at $5 or less,  said that J.P. Towner, CFO, will step down from his position in the coming months to pursue another career opportunity. He will remain in his role to ensure a smooth transition, including through the announcement and filing of Dollarama’s second quarter results for its current fiscal year. 

    The company has begun a formal search process for a new CFO.

    "On behalf of the board of directors and the executive team, I would like to thank J.P. for his contribution to Dollarama," said Neil Rossy, president and CEO of Dollarama. "It was a pleasure working with J.P. and we wish him the very best in his next chapter."

    Dollarama operates 1,507 locations across Canada, with stores  offering a broad assortment of consumable products, general merchandise and seasonal at fixed price points up to $5.00.

     The company also owns a 50.1% interest in Dollarcity, a growing Latin American value retailer. Dollarcity, which offers  consumable products, general merchandise and seasonal items at  fixed price points up to US$4.00 (or the equivalent in local currency) operaates 448 located stores in El Salvador, Guatemala, Colombia and Peru.


  • 7/9/2023

    Starbucks Workers UnitStarbucks union launches 13-city bus tour

    Starbucks logo

    Starbucks Workers United is taking its cause on the road.

    The union is launching a four-week, 13-city bus tour to raise public awareness and educate consumers about its demands. The union represents store employees and shift supervisors at about 320 of Starbucks' roughly 9,000 corporate-owned U.S. locations. 

    “Union partners from all over the country are going on a nationwide bus tour to let Starbucks know it's time for a contract,!” the union said in a tweet.

    The bus tour will make stops in 13 cities, starting with in Minneapolis-St Paul, Minn. Other cities on the tour include Atlanta, Los Angeles, San Francisco, Buffalo, Seattle and more. The protesting employees will give out flyers with QR codes on them that link to a sign-up page where consumers can pledge “to support Starbucks workers in their fight for a union and a fair contract” and receive alerts about rallies, pickets and other events in their area.

    The workers will be traveling in two buses sporting "The Union is Calling" wraps, reported

    "Each stop will include organizing events, worker-led actions, press events, and various activities to call on members of Starbucks' Board of Directors to uphold Starbucks values and respect workers' rights,” according to a release cited in the report.

  • 7/9/2023

    BuyBuy Baby auction canceled; to sell IP assets

    No bidder has emerged that would keep BuyBuy Baby’s stores up and running.

    Bed Bath & Beyond has ended its efforts to find a buyer for its entire BuyBuy Baby chain — a move that would have potentially kept at least some of its stores open.

    Instead, the bankrupt retailer will seek bankruptcy court approval for a more limited sale of the brand’s intellectual property assets to Dream on Me, a New Jersey-based company that makes and sells baby goods. On June 29, Bed Bath & Beyond selected Dream on Me as the lead bidder for BuyBuy Baby’s IP, but it continued to seek out buyers who would buy the entire business as a going concern and keep its stores running, with an auction scheduled for July 7. 

    But no higher bidder emerged and the chain canceled the auction. (Dream on Me’s $15.5 billion bid is for BuyBuy’s trademark and IP only.) 

    On June 28, a U.S. bankruptcy court judge approved's$21.5 million bid some assets of Bed Bath & Beyond, including its name, intellectual property and online assets.


  • 7/6/2023

    LL Flooring names finance and marketing heads

    LL Flooring operates more than 440 stores nationwide.

    LL Flooring Holdings (formerly Lumber Liquidators) has made three new leadership team appointments, all effective July 10.

    The specialty retailer of hard-surface flooring has named Robert L. Madore as executive VP, CFO, replacing interim CFO Terry Blanchard. Madore most recently served as interim CFO of F45 Training Holdings, a global fitness franchisor.

    Prior to joining F45, Madore served as CFO of The Cronos Group, a global cannabinoid company. Before that, he served as CFO of American Eagle Outfitters and CFO of Ralph Lauren. 

    In other appointments, Laura Massaro has been named as senior VP, chief marketing officer. Most recently, she served as director of integrated marketing at Delta Air Lines, where she led and supported teams across media, social, CRM, MarTech, operations and analytics. 

    Prior to joining Delta Air Lines, Massaro served as VP and deputy head of planning for Publicis Groupe’s Arc Worldwide in London.

    Also, Andrew W. Wadhams has been named as senior VP, retail and commercial sales.  He most recently served as principal of The Wadhams Group, a company he founded to help brands define their offering, align and streamline practices and deepen connections to customers. Prior to this, he spent half a decade at California Closets, where he served as COO.

    LL Flooring operates more than 440 stores nationwide.  Stores offer more than 500 varieties of hard-surface floors featuring a range of quality styles and on-trend designs, with a wide range of flooring tools and accessories.

  • 7/5/2023

    Walgreens closing e-commerce distribution center in Illinois

    Walgreens Boots Alliance continues its transformation into a “consumer-centric healthcare company” — and to cut costs.

    The pharmacy and healthcare services company is closing its e-commerce distribution center in Edwardsville, Ill., which will result in the loss of nearly 400 jobs. The center will close its doors on Aug. 28.   

    The news about the closing comes after Walgreens revealed, during its third-quarter earnings call, that it plans to close 150 stores in the United States, where it has about 8,900 locations, and some 300 Boots stores in the U.K. In May, Walgreens said it was eliminating 504 corporate jobs, or about 10% of its corporate workforce. 

    In its third-quarter earnings release, the company said it was increasing its cost-cutting initiative to $4.1 billion, from its previous target of $3.5 billion. The company is projecting at least $800 million of savings in 2024.

    “As we continue to transform our business into a consumer-centric healthcare company, we are focused on aligning our operational structure to best serve our patients and customers including how we use our network of stores to ship orders to our patients’ and customers’ homes,” the company said in a statement to the Illinois Business Journal. “As a result, we have made the difficult decision to close our e-commerce distribution center in Edwardsville, Ill.”

    In a report by the Chicago Sun-Times, Walgreens spokesperson Marty Maloney said that the company will continue to operate 16 other distribution centers, and local stores will take on the job of fulfilling customer orders.

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